Daheng New Epoch Technology (SHSE:600288) ROCE % : 0.92% (As of Sep. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Daheng New Epoch Technology ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Daheng New Epoch Technology's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.92%.

Daheng New Epoch Technology ROCE % Historical Data

The historical data trend for Daheng New Epoch Technology's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Daheng New Epoch Technology ROCE % Chart

Daheng New Epoch Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

7.66

3.72

4.14

3.95

2.25

Daheng New Epoch Technology Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															15.95	-6.33	-5.46	4.28	0.92

Daheng New Epoch Technology ROCE % Calculation

Daheng New Epoch Technology's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	50.275	/	( ( (3593.014 - 1362.176)	+	(3288.062 - 1046.652) )	/ 2 )
	=	50.275	/	( (2230.838	+	2241.41)	/ 2 )
	=	50.275	/	2236.124
	=	2.25 %

Daheng New Epoch Technology's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	20.408	/	( ( (3050.933 - 824.802)	+	(3061.42 - 836.39) )	/ 2 )
	=	20.408	/	( ( 2226.131	+	2225.03 )	/ 2 )
	=	20.408	/	2225.5805
	=	0.92 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Daheng New Epoch Technology (SHSE:600288) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Daheng New Epoch Technology ROCE % Related Terms

Thank you for viewing the detailed overview of Daheng New Epoch Technology's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Daheng New Epoch Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Daheng New Epoch Technology Inc (SHSE:600288) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 3 Su Zhou Street, Da Heng Technology Tower, 15th Floor, Haidian District, Beijing, Beijing, CHN, 100080

Website

http://www.dhxjy.com.cn

Daheng New Epoch Technology Inc is a Chinese company engaged in electrical and optical-electro-mechanical products. It is engaged in manufacture and sale of optical and mechanical integration products, information technology and office automation products, digital TV network editing and playback systems, and semiconductor components. Geographically the business activities are functioned through the region of China.

Executives

He Jian Guo	Director
Lu Yong Zhi	Director
Huang Yu Feng	Director
Wang Xue Ming	Director
Song Chang	Director

Daheng New Epoch Technology Headlines

No Headlines